Benzinga - A few months ago, blockchain analytics firm Arkham Intelligence Inc. found what it believes to be former President Donald Trump's Ethereum wallet address. The wallet was found by cross-referencing financial disclosures from Trump with publicly available on-chain activity. The wallet has made some interesting moves since late 2023.
In December, Trump's wallet sent 1,075 Ethereum (ETH) to Coinbase, where he likely sold the tokens. At the time Trump sold the ETH, the tokens were worth roughly $2.4 million. However, at the current price of ETH, hovering around $3,500, the tokens would have been worth over $3.7 million, meaning that Trump missed out on another $1.3 million in gains by selling in December.
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Trump obtained these tokens from the Trump Digital Trading Cards non-fungible token (NFT) project, which is not directly affiliated with Trump but gave the presidential candidate royalties for using his name, image and likeness. Trump received nearly 1,500 ETH from the project and still holds over 300 ETH tokens.
Trump also gained several hundred wrapped ETH (WETH) tokens in December from the launch of his second NFT project, the Trump Digital Trading Cards MugShot Edition.
However, Trump's crypto portfolio has grown in recent months. This is primarily because of a variety of Trump-themed meme coins. The creators of these meme coins will send a portion of the token supply to Trump, perhaps to show their support or thank the president.
The largest position in Trump's portfolio is no longer ETH earned from royalties. Instead, it is a total of 579,289 Maga Coins (TRUMP). The project gained steam and has seen huge gains in value. The tokens were worth as little as $5,000 when the project launched in August 2023. However, the project saw huge gains, and the position is now worth over $2.8 million. At its peak, the tokens were worth $6.7 million, meaning that Trump missed out on nearly $4 million by not selling his position at the top. It is unclear whether Trump is even aware of his TRUMP holdings, as he has not publicly acknowledged them or traded the tokens.
Trump's wallet also houses a ton of other meme coins, such as around $40,000 of Baby Trump (BABYTRUMP), several thousand dollars of Conan (CONAN) and many of much smaller amounts. Trump's total crypto portfolio is worth around $5.6 million. It saw a peak in early March of over $8.1 million.
Trump missed out on $1.3 million from selling his ETH, along with an additional $2.5 million from not exiting at the peak of his portfolio. This means that Trump could have made an additional $3.8 million if he had held his position into early March.
Trump is hot on the campaign trail and has not made an outflow transaction since Dec. 28. Since his wallet has been found, it is easy to track any future transactions that he may make.
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